Dollar suffers as risk-off trade continues

On Tuesday, there were again few eco data with market moving potential. Early in Europe, it looked that the selling of risky assets could slow. However, the risk-off trading resumed around noon. USD/JPY was again an obvious victim. The pair returned to the 114.30 area, close to the Asian low but a new downleg didn’t occur. Oil declined sharply during the US trading session, but the direct impact on other markets was limited. On Monday, the impact of the risk-off trade on the dollar and the

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